(Bloomberg) — Helen of Troy Ltd., the retail conglomerate behind consumer and wellness brands like OXO, Osprey and Vicks, will slash about 10% of its global staff in a restructuring.
The company announced the cuts along with fiscal third-quarter earnings on Thursday. As part of the changes, the Beauty business will be combined with the Health & Wellness division and operations and finance functions will be centralized. Most of the reductions in roles will be completed by March 1. The moves follow the company announcing its Project Pegasus restructuring plan in October.
Helen of Troys quarterly results beat estimates, and management narrowed annual sales and profit forecasts to the high end of previous guidance. The company is seeing lo…
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